The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global pharmaceutical pellets market is expected to grow from $1.48 billion in 2022 to $1.66 billion in 2023 at a compound annual growth rate (CAGR) of 12.3%. The pharmaceutical pellets market is expected to reach $2.54 billion in 2027 at a CAGR of 11.2%.

North America held the largest pharmaceutical pellets market share, and Asia-Pacific was the fastest-growing region in 2022.

Pharmaceutical Pellets Market Driver
The increasing prevalence of chronic diseases is expected to propel the growth of the pharmaceutical pellets market going forward. For instance, in January 2023, according to the National Center for Biotechnology Information (NCBI), a US-based National Library of Medicine, by 2050, the number of individuals aged 50 years and older who have at least one chronic illness will surge by 99.5%, rising from 71.522 million in 2020 to 142.66 million. Therefore, the increasing prevalence of chronic diseases is driving the growth of the pharmaceutical pellets market.

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Prominent Pharmaceutical Pellets Market Trend
Product innovation is a key trend gaining popularity in the pharmaceutical pellets market. Companies operating in the pharmaceutical pellets market are focused on innovating new products to sustain their position in the market. For instance, in June 2021, Gilead Sciences Inc., a US-based biopharmaceutical company, received approval for the oral pellet version of Epclusa from the U.S. Food and Drug Administration. It is used for children who have a chronic hepatitis C infection. To improve the tolerability associated with palatability, oral pellets are administered once a day with food.

Pharmaceutical Pellets Market Prominent Players
Major players in the pharmaceutical pellets market are Abbott Laboratories, Takeda, Boehringer Ingelheim, Teva Pharmaceutical Industries Ltd., Eisai Co. Ltd., Colorcon Inc., Nordic Sugar AB, Pfizer, Merck & Co., Manus Aktteva Biopharma LLP, Thexa Pharma (P) Limited, Avanscure Lifesciences Private Limited, U.K. Vet Chem, MB Sugars & Pharmaceuticals Limited, CIL Laboratories Pvt Ltd, Sainor Pharma Pvt Ltd, Umang Pharmatech Pvt Ltd, Nami Lifesciences Pvt Ltd, Lograns Pharma Private Limited, Rainbow Health Care Products, Chemit Laboratories, Concord Drugs Limited, Pharmaceuticals Private Limited, Nanjing Joyfulchem ??Co. Ltd., Praful International Corporation, Pellets Pharma Limited, A B Enterprises, Vision Pharmacoat Pvt Ltd, Chemit Laboratories, Spansules Pharma, and Ravoos Laboratories Ltd.

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Key Pharmaceutical Pellets Market Segments
The global pharmaceutical pellets market is segmented –
1) By Technology: Extrusion, Fluid Bed Granulation, Dry Powder Layering, Solution And Suspension Layering, Spray Congealing, Spray Drying
2) By Mechanism Of Action: Diffusion, Erosion, Osmosis
3) By Technique: Direct, Melt, Wet, Dry
4) By End-User: Pharmaceutical, Nutraceutical

The Pharmaceutical Pellets Global Market Report 2023  provides a comprehensive overview on the pharmaceutical pellets market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the pharmaceutical pellets market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Organic Pharmaceutical Excipients Global Market Report 2023
Pharmaceutical Drugs Global Market Report 2023
Pharmaceutical Excipients Global Market Report 2023

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